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March 12, 2010
A key market demographic — teenage girls — is still driving profit despite the recession, according to a recent study. Euro RSCG Worldwide PR released the white paper, “The Teenage Girl as Consumer and Communicator,” which reveals that teen girls as careful spenders and focused communicators.
Seventy-one percent of teen girls go online to maintain existing friendships, not to browse aimlessly. They are also value-minded, with more than 60 percent generally waiting for items to go on sale before making a purchase; 77 percent are more likely to buy a sale-priced item than one at full price.
The paper also proves that almost all social interaction in this group is driven by a sense of intimacy with a select group of friends and family — including shopping, which the study characterizes as a core social activity.
“[Teenage girls] are unique in virtually every aspect of their consumption behavior,” Marian Salzman, president of Euro PR, North America, said in a release. “From the way they watch ads to the way they purchase products to the way … they discuss the products they purchase, they buy and spend in an almost ritualistic manner. And because their generation is perhaps the first fully ‘wired’ one, their habits will determine how relevant markets develop today and in the future.”
Other findings from this study include:
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